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fxJul 6, 2026, 1:07 AM

AUD/USD Slides After Weaker TD-MI Inflation Data

The Australian dollar declined against the US dollar following the release of the TD-MI Inflation Gauge, which came in at -0.4% month-over-month, worse than the expected -0.3%.

AUDUSD

The Australian dollar slipped against the US dollar on Monday, reversing gains from the previous two sessions. AUD/USD traded around 0.6930 during Asian hours.

The move lower came after the release of the TD Securities-Melbourne Institute Inflation Gauge for February. The data showed a month-over-month decline of 0.4%, versus the consensus forecast of a 0.3% drop. The weaker-than-expected reading weighed on the Aussie.

Traders now look ahead to further Australian economic data and broader risk sentiment for direction.

Source: FXStreet Forex News